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Volume One New York Story Chapter 29 The Temptation of Monopoly

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    Update time: 2012-06-14

    "If I understand correctly, Jack, do you and your Morgan agree that matters in the professional field should respect the opinions of professionals and leave it to professional talents to take care of it? You and your Morgan just do not miss out on investment.  The opportunity is not to run and manage a company like General Electric or Pfizer by yourself?¡±

    Wang Geng said what Jack Morgan didn't say.

    "Young man, you are right. Investment is the instinct of our bankers, and invention and creation are the instinct of Edison and his General Electric. The same is true for the production of citric acid. That is Pfizer's strength. Although money and capital are often indispensable.  It will help, but unfortunately, money is not everything.¡±

    Jack Morgan took out another cigar and gave it to Wang Geng. Wang Geng smiled and pointed at the Camel card in his hand to express his disapproval.

    "So I respect Thomas and John's contributions, struggles, achievements and the authority they have established in their respective fields. With all due respect, I don't think anyone can surpass them in the fields they are good at in the short term, and you, Wang  Classmate, you are just a brave and passionate cadet at West Point Military Academy."

    Jack Morgan continued while lighting his cigar,

    "Invention and creation are the same as investment. Courage and enthusiasm are not enough! It requires professional knowledge, talent, and luck. So I am curious, how did you win the recognition of Thomas and John? Of course, if you just  Everything you said over dinner with your girlfriend is true.¡±

    Kelly, who was eating the ice cream behind Wang Geng, heard the word "girlfriend" in her ears, her face turned red and she thought to herself, "Who is this guy's girlfriend? She is just a nurse, just doing her duty!  "

    Wang Gengze laughed loudly and couldn't help but joked,

    "Jack, with all due respect, what you said is illogical. Since you recognize Mr. Thomas Edison and Mr. John Anderson as authorities in their respective fields, there is no reason to doubt their vision, and since I have obtained their  recognition¡±

    So obviously, although I am just a Chinese student studying at West Point Military Academy, I must have some achievements that will impress them in the fields that the two of them are good at. Is this right?  Could it be that you suspect that Edison and Anderson were deceived by a young boy like me?  "

    "Uh" Jack Morgan was speechless for a moment, thinking that this little fox had a sharp tongue and sharp words, which made it difficult for him to refute.

    Fortunately, Wang Geng didn¡¯t take it seriously and helped the guy out with a smile.

    "Jack, since you are an old friend of the two of them, I believe it is okay to tell you about the cooperation between Pfizer and me. What's more, maybe Pfizer and JP Morgan can also cooperate and achieve a win-win situation?"

    "Oh, then I would rather be respectful than obey your orders. I am all ears to your opinion. We at Morgan Company will make a correct assessment of every potential opportunity, but we easily miss the good opportunities that come to us!"

    Jack Morgan breathed a sigh of relief. Obviously Wang Geng is a difficult guy to deal with. Fortunately, this young man still knows his priorities. If he keeps talking in circles with him, Jack is afraid that he will not have enough patience to continue playing with him!

    "To put it simply, Mr. Anderson's Pfizer and I will cooperate to develop a new process for citric acid. In the future, the production cost of citric acid will drop significantly, while the output will increase significantly, and it will no longer need to be extracted from citrus juice concentrate.  !¡±

    Wang Geng threw out his chips while sizing up the reaction of the head of Morgan Company opposite him.

    "Sounds great, what can JP Morgan do for you and Mr. Anderson?" Although Jack Morgan was surprised, his expression gradually returned to normal.

    ¡°Nima, Morgan, you¡¯re an old fox, you¡¯re used to being aloof and dominating, aren¡¯t you?  Do I have to beg you for a deal that makes Morgan money?

    Although he thought so in his heart, Wang Geng continued,

    "Jack, you are an investment banker. If I say I have ten million dollars in high-quality assets, do you have any good investment advice?"

    "Ten million US dollars?" Jack Morgan's pupils suddenly shrank. Where did the young man in front of him get 10 million US dollars of assets, and was it high-quality?  Pfizer's total assets are only five to six million US dollars!

    "How about being like you and opening a small bank to do some investment business? Selling stocks on Wall Street? Doing some speculative business?" Wang Geng said with a smile.

    "Opening an investment bank is a subject that tests professionalism. Young man, I suggest you be cautious. If the investment fails, you will lose all your money." Jack Morgan did not believe that a Chinese cadet from the West Point Military Academy could do it.  Ten million dollars in assets.

    ?Not to mention 10 million U.S. dollars, even their 10 million oceans from China, that is not what a 22-year-old ordinary international student with no prominent identity background can get.

    ¡°Obviously Jack Morgan is not completely ignorant of the New York heroes that have been continuously reported in newspapers. This Chinese young man Wang Geng can almost only be regarded as an orphan whose family has fallen into disgrace in China.

    In Wang Geng's original plan, the first was to use Pfizer's assets as mortgage loans to solve the problems of working capital and factory production line renovation. The second was to issue Pfizer bonds on Wall Street, which was essentially a loan. The third was to issue an IPO on Wall Street.  Pfizer stock raises capital.

    But at this time, he changed his mind. Since God had accidentally sent a man like Jack Morgan to him who was a powerful figure in the American financial industry, there was no reason not to free up something from JP Morgan Company first.  .

    "Of course, Jack, you are right. Investment is a profound knowledge, and you are the expert. I am just a layman, so I would like to ask you formally, are you willing to invest in me?" Wang Geng secretly said  Bared his teeth.

    Nurse Kelly, who had been listening with pricked ears behind her, felt a chill when she heard this. This guy actually overestimated his ability to deceive the head of Morgan. It would be strange if he didn't get a bloody blow!

    "How to invest? What to invest in?" Jack Morgan smoked a cigar and said quietly, feeling a little joy in his heart that he had finally seen the light of day.

    "Jack, to tell you the truth, I want to invest in Pfizer, use my invention to transform Pfizer's production lines and factories, and use the latest citric acid production process for production. There will be a small gap in funds, so I am considering looking for cooperation from the investment banking community.  partner!"

    Wang Geng stepped forward and lowered his voice.

    ¡°Is this the new citric acid process that you just mentioned, with a significant reduction in cost and a significant increase in output?¡± Jack Morgan obviously remembered every key point mentioned by Wang Geng just now.

    "Yes, the war on the European continent is still in a stalemate. Because the export of raw materials under traditional processes is affected, there is a huge gap in the global citric acid market. I intend to help your old friend Anderson and his Pfizer overcome the current situation.  Difficulties have made Pfizer the largest supplier of citric acid in the United States and the world in one fell swoop!

    Wang Geng¡¯s bewitching voice echoed in Jack Morgan¡¯s ears, no different from those adventurers who came to Morgan¡¯s company crying to promote their projects.

    Jack Morgan does not doubt the vision of Thomas Edison and John Anderson. When it comes to citric acid and the chemical market, Anderson must be more accurate than himself. The question is, how much investment can get a big return?

    "Of course Pfizer can also issue bonds or public stocks, or even use fixed assets as collateral for loans, but these are not my choices. My goal is to monopolize the world's citric acid market within a certain period of time. This  We need investment bank capital with strength and vision to intervene!¡±

    Wang Geng¡¯s voice was very low, but his eyes that looked directly at Jack Morgan were very firm, showing no signs of weakness or concession under the pressure of Jack¡¯s sharp hawk-like gaze.

    "How much investment is required, how long is the payback period, and how high is the rate of return?" Jack decided not to get entangled in trivial matters first, and to find out the future money prospects first!

    "The current market price of citric acid is US$1.25 per pound and is still rising. The annual demand in the U.S. market is around 22 million pounds, and the demand in the European market is at least 66 million pounds. Adding Asia, Africa, Latin America and Australia, preliminary estimates indicate that the demand in the world  The total demand for citric acid is no less than 100 million pounds per year!

    With the continuous development of population and food and pharmaceutical fields, the demand for citric acid raw materials will continue to increase!  "

    "The goal I set for Pfizer is to produce 20 million pounds in the first year to monopolize the U.S. market, in the second year to produce 60 million pounds to monopolize the European market, and after three years, the output will be stable at no less than 80 million pounds to monopolize the global market."

    Wang Geng looked at the head of the Morgan consortium opposite, his voice full of confidence and confusion!
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